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GE to cut 1,100 power business jobs in Britain

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GE to cut 1,100 power business jobs in Britain

GE to cut 1,100 power business jobs in Britain
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LONDON (Reuters) - General Electric Co plans to cut around 1,100 jobs or 6 percent of its workforce across its power business in Britain following a significant deterioration in its markets, it said on Thursday. GE said it had launched a consultation period over the restructuring which would affect jobs at two plants in Stafford and Rugby, central England. The cuts are part of a wider programme to remove 12,000 jobs by the U.S. company. GE said it remained committed to the UK, which would continue to be a "strategic market". (Reporting by Kate Holton; Editing by Georgina Prodhan)
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